07 August 2019 - The total assets of the Montenegrin banking system, which currently has 13 banks active at the end of June, amounted to 4,3 billion EUR, which is a growth by 317 million or almost 8 per cent from the same period last year.
According to the information available to the Investitor portal, all banks have recorded an increase in assets over the past 12 months, except Prva Banka and Addiko Bank.
The largest bank by assets remained CKB, with assets worth 760 million EUR. That's 98 million euros more than a year ago, or growth of 14,9 per cent. CKB operates within the Hungarian OTP Group, as well as Podgorička Bank. The two banks have assets worth a total of 1,3 billion EUR and cover almost a third of the total sector by this parameter.
The assets of Podgorička Bank stood at 548 million EUR at the end of the first half of the year, which is a growth of 6,1 per cent compared to the previous year. By that criterion, Podgorička Bank ranks third, and is placed just behind Erste Bank, which between June 2 managed to increase its assets by 13,4 per cent to 569,3 million EUR.
The following is a ranking of banks by asset value at the end of H1 2019:
- CKB (760 million)
- Erste (569,3 million)
- Podgorička Bank (548,1 million)
- NLB (511,1 million)
- Hipotekarna Bank (503,7 million)
- Prva Bank (374,8 million)
- Universal Capital Bank (294 million)
- Addiko Bank (232,3 million)
- Lovćen Bank (180,2 million)
- Komercijalna Bank (141,4 million)
- Zapad Bank (90,1 million)
- Ziraat Bank (79,8 million)
- Nova Bank (23 million)
Banks' assets include funds placed on the equity market. The assets of the bank are represented by loans offered by the bank, as well as the required reserves that guarantee the repayment of deposits from the bank's clients.
Read more about the business environment in Montenegro at TMN's dedicated page.
